Monday January 09, 2023

Friendly Countries Support Will Help Carry Out Flood Relief Rehabilitation Work: Dar

Geneva: Finance Minister Ishaq Dar said the support from friendly countries and multilateral donors will not only help carry out flood relief and rehabilitation work but also create fiscal space external debt sustainability for the country and reinforce its efforts to implement the ongoing IMF program.

In his remarks at a plenary of the International Conference on Climate Resilient Pakistan, the Finance Minister said Pakistan remains committed to its international obligations and is on track regarding its fiscal reforms agenda which focuses on increasing revenues, decreasing expenditures and creating thereby more fiscal space for the reconstruction and rehabilitation phase which we have to undertake in Pakistan.

The Finance Minister said Pakistan is carrying out the fiscal reforms necessary for long term recovery and sustainability but we urgently need short term assistance to navigate a number of challenges.

He hoped our friends and partners will always stand with Pakistan by providing us the required assistance during this most critical phase of Pakistan.

He said options such as debt swaps by friendly countries will also free up resources to be spent for this noble purpose.

The post Friendly Countries Support Will Help Carry Out Flood Relief Rehabilitation Work: Dar appeared first on Abb Takk News.

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